Newly released accounts showed EPL West Ham Owners David Gold and David Sullivan have sunk a total of £35M ($52.8M) into the club since June '11, according to Owen Gibson of the London GUARDIAN. The figures, which cover the year that West Ham spent in the League Championship before winning promotion back to the EPL through the play-offs, show that the club had a loss of £25.5M ($38.5M) (excluding one-off costs) in the year to May 31. The impact of relegation "meant a sharp fall in turnover" by £34.4M ($51.2M) to £46.2M ($69.7M), "mainly as a result of a reduction" of £26.5M ($40M) in centrally distributed TV and sponsorship money from the Premier League. Gold and Sullivan loaned the club a total of £32.2M ($48.6M) during the '11-12 season and the notes to the accounts indicate they had loaned another £3M ($4.5M) by the end of November (GUARDIAN, 3/4).